SHE:002831

3 stories mentioning SHE:002831Updated just now

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ShenZhen YUTO Packaging Technology Adds Stake in New Materials Subsidiary

ShenZhen YUTO Packaging Technology (SHE:002831) will purchase an additional 34% stake in subsidiary Dongguan Huayan New Material Technology for 299.2 million yuan, according to a Thursday filing with the Shenzhen bourse.Chairman and actual controller Wang Huajun sold 20% while Shenzhen Guandian Investment sold 14%, according to the filing.Following the transaction, Yuto Packaging will hold 85% of Huayan, a new material technology research and development subsidiary.

SHE:002831

Asia28d ago

YUTO Packaging's H1 Profit Rises

ShenZhen YUTO Packaging Technology (SHE:002831) posted first-half attributable net profit of 574.9 million yuan, up 1.1% from 568.6 million yuan, after adjustment, in the previous year.Earnings per share rose to 0.45 yuan from 0.44 yuan, according to a filing with the Shenzhen bourse.The packaging services provider's operating revenue edged up to 8.21 billion yuan from 8.20 billion yuan, after adjustment.

SHE:002831

Asia163d ago

YUTO Packaging Tech Partners With Jiangxi Special Electric Motor for Carbon Fiber Development

Shenzhen YUTO Packaging Technology (SHE:002831) signed a cooperation framework agreement with Jiangxi Special Electric Motor (SHE:002176) for the development of carbon fiber and packaging, according to a Shenzhen bourse filing on Tuesday.The Chinese packaging products manufacturer will supply woven bags, heavy-duty packaging, paper packaging, and logistics services, as well as carbon fiber for motors and robotics to Jiangxi Special.The specialty motors and battery materials maker will also supply motors to YUTO.The deal is valid for three years and can be renewed.YUTO's shares slipped over 1% at the close, while those of Jiangxi Special jumped 3%.

SHE:002176SHE:002831

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